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1 Dollar European Currency - Belgium
| Issuer | Liberia |
|---|---|
| Year | 2002 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Diameter | Log in to see details |
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| Reference(s) | KM#1034 |
| Obverse description | Log in to see details |
|---|---|
| Obverse script | Latin |
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| Reverse description | A genuine Belgian 10 euro cent coin dated 1999 (KM#227), bearing the effigy of King Albert II, is physically inserted and embedded at the center of the reverse. Surrounding the inset coin is a depiction of a neoclassical building facade in the lower half of the field, above which stylized rain or linear decorative elements fill the background. The trilingual legend 'EUROPEAN CURRENCY / EUROPÄISCHE WÄHRUNG / MONNAIE EUROPEENNE' arcs around the periphery, with the date '1.1.2002' inscribed at the base, commemorating the introduction of euro coins into circulation. |
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| Additional information |
Liberia's early 2000s dollar series exploited a legal loophole allowing the country to issue commemorative coinage with essentially no obligation to back it with reserves or circulate it domestically. The Belgian franc had already ceased to be legal tender on 1 January 2002 — the same year this piece was struck — making it a memorial to a currency that had existed in some form since 1832.
These pieces were produced for the collector market and never circulated. The silver plating over copper kept costs low enough to sell at significant markup through television shopping channels and mail-order catalogs throughout Europe.